ECD Automotive Design, Inc. (NASDAQ:ECDA) Short Interest Update

ECD Automotive Design, Inc. (NASDAQ:ECDA) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 15,200 shares, an increase of 94.9% from the February 29th total of 7,800 shares. Based on an average daily volume of 133,800 shares, the short-interest ratio is presently 0.1 days. Approximately 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ATW Spac Management LLC bought a new position in ECD Automotive Design in the fourth quarter worth approximately $191,000. Context Capital Management LLC bought a new position in ECD Automotive Design in the fourth quarter worth approximately $52,000. Finally, Levin Capital Strategies L.P. bought a new position in ECD Automotive Design in the fourth quarter worth approximately $26,000. Institutional investors own 94.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Litchfield Hills Research restated a “buy” rating and set a $9.00 target price on shares of ECD Automotive Design in a research report on Tuesday, January 30th.

ECD Automotive Design Price Performance

Shares of ECD Automotive Design stock traded down $0.02 on Thursday, hitting $0.94. 10,484 shares of the company’s stock traded hands, compared to its average volume of 113,721. ECD Automotive Design has a one year low of $0.77 and a one year high of $17.00. The firm’s fifty day moving average price is $0.95.

About ECD Automotive Design

ECD Automotive Design, Inc engages in the production and sale of customized Land Rover vehicles in the United States. The company also provides repair or upgrade services and extended warranties to customers. It restores various vehicles, including Land Rovers Defenders, Land Rover Series IIA and III, the Range Rover Classic, and Jaguar E-Type.